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How many private commercial banks were nationalized in 1969?

  1. A
    12
  2. B
    13
  3. C
    14
  4. D
    15

Solution & Step-by-step Explanation

On 19th July, 1969, the Government of India issued the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, nationalizing 14 major private commercial banks that held deposits of over crores.

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How many private commercial banks were nationalized in 1969?
A
12
B
13
C
14
D
15

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